Westlake Chemical Corporation (NYSE:WLK) shares traded higher over the last trading session, gaining 2.00% on 05/14/21. The shares fell to a low of $102.59 before closing at $104.10. Intraday shares traded counted 0.32 million, which was 56.83% higher than its 30-day average trading volume of 749.45K. WLK’s previous close was $102.06 while the outstanding shares total 127.96M. The firm has a beta of 1.44, a 12-month trailing P/E ratio of 31.36, and a growth ratio of 0.82. The stock’s Relative Strength Index (RSI) is 65.22, with weekly volatility at 3.01% and ATR at 3.00. The WLK stock’s 52-week price range has touched low of $36.09 and a $105.54 high.
Investors have identified the Specialty Chemicals company Westlake Chemical Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $13.08 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Westlake Chemical Corporation (WLK) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3.73 billion total, with 1.33 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 7.00 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WLK sounds very interesting.
Is the stock of WLK attractive?
In related news, EVP, Vinyl Products, Buesinger Robert F. sold 5,000 shares of the company’s stock in a transaction that recorded on May 10. The sale was performed at an average price of 105.00, for a total value of 525,000. As the sale deal closes, the EVP and CFO, Bender Mark Steven now sold 15,740 shares of the company’s stock, valued at 1,490,587. Also, EVP and CFO, Bender Mark Steven sold 25,811 shares of the company’s stock in a deal that was recorded on Mar 09. The shares were price at an average price of 92.27 per share, with a total market value of 2,381,630. Following this completion of acquisition, the EVP, Vinyl Products, Buesinger Robert F. now holds 16,513 shares of the company’s stock, valued at 1,547,105. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
7 out of 18 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Westlake Chemical Corporation. 2 analysts has assigned a Sell rating on the WLK stock. The 12-month mean consensus price target for the company’s shares has been set at $97.18.